SOLD
AIDS Healthcare Foundation Acquires Morrison Hotel In Downtown Los Angeles For $12.4M
1246 South Hope Street - Morrison Hotel
Hotel
Sold 153 days ago
Summary
Sale
CALIFORNIA
Hotel
Relevant Group has sold the Morrison Hotel in Downtown Los Angeles to AIDS Healthcare Foundation for $12.4 million. The sale resolves a loan default of $13.2 million and includes a "development cooperation agreement" between Relevant and AHF. The hotel is located at 1246 South Hope Street and is known as the Morrison Hotel.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $12,400,000
- Address: 1246 South Hope Street - Morrison Hotel
- Market: Los Angeles
Michael Weinstein, the representative of AIDS Healthcare Foundation, acted as the buyer in the transaction. Grant King, representing Relevant Group, served as the seller. The sale of the Morrison Hotel marks a significant deal between the two parties.
Details
SOLD
IMAGE: Michael Weinstein & Grant King
DATE: 12/11/2023
ADDRESS: 1246 South Hope Street - Morrison Hotel
MARKET: Los Angeles
ASSET TYPE: Hotel
BUYER: AIDS Healthcare Foundation (@AIDSHealthcare) - Michael Weinstein
SELLER: Relevant Group (@Relevant_Group) - Grant King
SALE PRICE: $12,400,000
KEYS: 111 ~ PPK: $111,712
NOTE: Relevant Group has sold the Morrison Hotel in Downtown Los Angeles to AIDS Healthcare Foundation for $12.4 million, resolving a loan default of $13.2 million. The sale includes a "development cooperation agreement" for a joint project between Relevant and AHF.View on map
Loading...
Address1246 South Hope Street - Morrison Hotel
Comparables
Reset filters to show results.